Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1309 Rte 70th W Cherry Hill, NJ 08002-3738

    • Commercial real estate
    • 2,991 SF
    • 0.43 lot acres
    OFF-MARKET
    Last Sale
    Jan 19, 2023
    $505,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-0282064
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1309 Rte 70th W

    Year built
    1960
    Construction
    FRAME
    Lot size
    0.43 lot acres
    Property size
    2,991 SF
    Property type
    Commercial real estate
    APN
    09 00366- 01-00001
    APU
    9003660100001

    Description

    This exceptional freestanding office building in Cherry Hill, NJ, presents a unique opportunity for businesses seeking flexible and efficient workspace. Located at 1309 Route 70 West, zip code 08002, the property offers a total of 2,028 square feet, currently featuring one suite with 737 square feet immediately available for lease. The building is classified as a traditional office space and also suitable for executive office needs. Multiple tenancy options are available, with a minimum divisible space of 526 square feet and a maximum contiguous space of 737 square feet. This presents an ideal solution for businesses requiring a range of sizes, from smaller startups to established companies needing expansion space. The building's convenient location in Cherry Hill offers easy access to major roadways, ensuring seamless commutes for employees and clients. The property's single-suite configuration provides a sense of privacy and control, while the available square footage allows for customization to meet specific business requirements. This is a rare opportunity to secure a well-located, versatile office space in a thriving New Jersey market. Inquire today to learn more about leasing options and explore the potential of this exceptional property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cherry Hill
    County
    Camden
    State
    New Jersey
    Longitude
    -75.0261
    Latitude
    39.9165
    CBSA code
    37980
    CBSA name
    PHILADELPHIA-CAMDEN-WILMINGTON, PA-NJ-DE-MD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $16,344
    $250,000
    $150,000
    $400,000
    -
    $250,000
    $150,000
    $400,000

    Comparable in this City

    • Value Estimation by Request
      15,190 SF

      923 Haddonfield Rd

      Office space • 15,190 SF
      923 Haddonfield Rd, Cherry Hill, NJ 08002
      View Details
    • Value Estimation by Request
      2.05 Acres

      54 Haddonfield Rd

      COMMERCIAL (GENERAL) • 2.05 Acres
      54 Haddonfield Rd, Cherry Hill, NJ 08002-1446
      View Details
    • Value Estimation by Request

      328 Haddonfield Rd

      COMMERCIAL (GENERAL)
      328 Haddonfield Rd, Cherry Hill, NJ 08002-2204
      View Details
    • Value Estimation by Request
      0.88 Acres

      614 Haddonfield Rd

      COMMERCIAL (GENERAL) • 0.88 Acres
      614 Haddonfield Rd, Cherry Hill, NJ 08002-2602
      View Details
    • Value Estimation by Request
      5.20 Acres

      1708 Rte 70th W

      COMMERCIAL (GENERAL) • 5.20 Acres
      1708 Rte 70th W, Cherry Hill, NJ 08002-3203
      View Details
    • Value Estimation by Request
      1.15 Acres

      1602 Rte 70th W

      COMMERCIAL (GENERAL) • 1.15 Acres
      1602 Rte 70th W, Cherry Hill, NJ 08002-3201
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.80 Acres

      Prime Cherry Hill Commercial Property

      NJ-38 Retail/Medical Office Opportunity
      2426-2428 Nj-38, Cherry Hill, NJ 08002
      View Details
    • $800,000

      Lidl Cherry Hill Outparcels

      Prime Commercial Land, High Traffic
      400 Kaighns Ave, Cherry Hill, NJ 08002
      View Details
    • $1,400,000
      1.70 Acres

      Church Road Commercial Land

      1.7-acre commercial lot, prime location.
      2310 Church Rd, Cherry Hill, NJ 08002
      View Details
    • Contact for pricing
      360,000 SF

      Super-Regional Shopping Center Available

      Super-regional shopping center with transit access in Cherry Hill, NJ.
      Rte 70 & Cornell Ave, Cherry Hill, NJ 08002
      View Details
    • Contact for pricing
      254,432 SF

      Retail Space Near Cherry Hill

      Retail property with drive-thru, near Cherry Hill Mall.
      2135 Nj-38, Cherry Hill, NJ 08002
      View Details
    • Contact for pricing

      Prime Land Near Cherry Hill

      Land available for sale or lease near Cherry Hill Mall.
      2426-2428 New Jersey 38, Cherry Hill Township, NJ 08002
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      418,811 SF

      Cherry Hill Retail Plaza Investment

      Prime Retail Space, Multiple Units Available
      2100 Nj-38, Cherry Hill, NJ 08002
      View Details
    • Contact for pricing
      1 SF

      Cherry Hill Medical Office Space

      Prime Medical Office: 3,000 SF Available
      226 Haddonfield Rd, Cherry Hill, NJ 08002
      View Details
    • Contact for pricing
      16,000 SF

      Retail/Office and Warehouse Space

      Retail/office and warehouse space available on Route 70.
      1811 Route 70 West, Cherry Hill, NJ 08002
      View Details
    • Contact for pricing
      30,000 SF

      Class A Office Building

      Class A office building with suites available for lease.
      523 Hollywood Ave, Cherry Hill, NJ 08002
      View Details
    • Contact for pricing
      30,000 SF

      Cherry Hill Executive Office Suites

      Prime Office Space, 6 Suites Available
      523 Hollywood Ave, Cherry Hill, NJ 08002
      View Details
    • Contact for pricing
      3,120 SF

      Cherry Hill Retail Space For Lease

      Prime Retail Location, 3120 sq ft
      1811 Nj-70, Cherry Hill, NJ 08002
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1309 Rte 70th W
    Cherry Hill, NJ 08002-3738
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.